Quick charity verification for Vasilius Family Foundation (EIN: 206830581)
Verdict: Vasilius Family Foundation appears trustworthy
85/100Mission Score
$621KRevenue
$5.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits where expenses exceed revenue in multiple recent years (e.g., 2023, 2022, 2020) without clear explanation of funding sources beyond assets.
Lack of detailed expense breakdown to verify program spending efficiency beyond total expenses.
Strengths
Substantial and stable asset base ($5,129,622 in 2023) providing long-term financial security.
Consistently low liabilities, indicating strong financial management and minimal debt.
Zero reported officer compensation across all filings, suggesting highly efficient use of funds for mission.
Extensive filing history (10 filings) demonstrating consistent regulatory compliance and transparency.
Spending Breakdown
How Vasilius Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Vasilius Family Foundation
Is Vasilius Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vasilius Family Foundation (EIN: 206830581) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Vasilius Family Foundation a good charity to donate to?
Vasilius Family Foundation has a Mission Score of 85/100. Revenue: $621K. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vasilius Family Foundation?
The Employer Identification Number (EIN) for Vasilius Family Foundation is 206830581. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Vasilius Family Foundation spend its money?
Vasilius Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vasilius Family Foundation's tax-exempt status?
You can verify Vasilius Family Foundation's tax-exempt status using EIN 206830581 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Vasilius Family Foundation demonstrates a consistent commitment to its mission as a grant-making organization, evidenced by its NTEE code T20. The foundation's financial health shows significant fluctuations in revenue and expenses over the past decade. For instance, in 2023, expenses ($465,407) exceeded revenue ($211,597), a trend also observed in 2022 and 2020. Despite these operational deficits in some years, the organization maintains substantial assets, reported at $5,129,622 in 2023, indicating a strong endowment or investment base that supports its grant-making activities. The foundation's liabilities have remained very low, peaking at $21,015 in 2023, which is a positive indicator of financial stability and responsible management of debt.
The foundation's spending efficiency, particularly in program delivery, is difficult to precisely ascertain without a detailed breakdown of expenses beyond total expenses. However, as a grant-making foundation, a significant portion of its expenses would typically be direct program grants. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is covered by other means, which can contribute to lower administrative overhead. This lack of reported officer compensation also points to a strong commitment to directing resources towards its charitable purpose.
In terms of transparency, the foundation has a robust filing history with 10 IRS 990 filings, indicating consistent compliance with regulatory requirements. The absence of reported officer compensation is a notable aspect of its financial structure, suggesting that the foundation operates with minimal overhead related to executive salaries. While specific program spending ratios are not explicitly detailed in the provided data, the overall financial picture suggests a well-established entity with a long history of operation and a substantial asset base to support its philanthropic endeavors.